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Stock Market & Financial Investment News

News Breaks
April 11, 2014
10:19 EDTQCOM, ERICQualcomm, Ericsson recommended by RBC Capital
Shares of Qualcomm (QCOM) and Ericsson (ERIC) are outperforming the broader market after RBC Capital said the stocks were good investments for the near-term. Qualcomm sells chips used in smartphones, while Ericsson is a provider of communications equipment. WHAT'S NEW: Qualcomm's royalty business remains healthy and defensible, RBC Capital analyst Mark Sue wrote in a note to investors earlier today. Additionally, Qualcomm should benefit from the expansion of LTE networks and it returns 75% of its free cash flow to shareholders, Sue stated. The analyst was also upbeat on Ericsson, as he expects the company's revenue to steadily grow by about 2%-5%. Like Qualcomm, Ericsson should benefit from the expansion of LTE networks, as the company has a 40% share of the global LTE market, Sue stated. The company can benefit from upgrades in Europe and new contracts in Japan and the analyst also thinks Ericsson could raise its dividend. Sue kept Outperform ratings on both Qualcomm and Ericsson. WHAT'S NOTABLE: On March 30, Barron's identified Ericsson as one of several companies that could benefit from increases in the value of their products and possibly become takeover targets for Google (GOOG) or other companies. Other technology vendors that are in this category include Alcatel Lucent (ALU), Nokia (NOK), and Ciena (CIEN). PRICE ACTION: In early trading, Qualcomm climbed 13c to $78.20 and Ericsson shares were down 4c to $13.17, while the Nasdaq index was down nearly 1%.
News For QCOM;ERIC From The Last 14 Days
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November 24, 2014
13:53 EDTQCOMCCS Insight predicts Google will buy GoPro in 2015, Wareable reports
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08:56 EDTERICEricsson, IBM collaborate to research phased-array antenna designs for 5G
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November 23, 2014
17:24 EDTQCOMIntel, Qualcomm look like 'excellent' investments, Barron's says
Intel (INTC) and Qualcomm (QCOM) both look like "excellent" investments, with Qualcomm looking better for risk-prone investors, Barron's contends in its 'Technology Trader' column. Reference Link
November 20, 2014
07:23 EDTQCOMQualcomm shares range bound until China resolution, says William Blair
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November 19, 2014
16:58 EDTQCOMQualcomm lowers 5 year revenue CAGR view to 8%-10% from prior double digit view
In its slides presentation that was prepared for its 2014 Analyst Day from earlier today, Qualcomm said it would grow its revenue CAGR by 8%-10% which is lower than its previous view of double-digit revenue CAGR. At its Analyst Day, the company noted revenue pressures in China that in part stem from Chinese handset vendors unwillingness to pay the company royalties. Shares of Qualcomm closed down over 2% to end the seesion at $70.47.
16:30 EDTQCOMQualcomm CEO says 'It's really all about China for us'
Qualcomm CEO speaking on CNBC interview.
16:27 EDTQCOMQualcomm CEO sees getting through issues with China
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10:59 EDTQCOMQualcomm says FY15 margins to be impacted by compliance spending
10:29 EDTQCOMQualcomm reaffirms FY15 EPS view $5.05-$5.35, consensus $5.22
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November 18, 2014
06:04 EDTQCOMQualcomm to host analyst meeting
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November 17, 2014
13:57 EDTQCOMQualcomm volatility flat into analyst meeting
Qualcomm November call option implied volatility is at 22, December and January is at 20, February is at 21; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement into a company sponsored analyst meeting on November 19
November 14, 2014
12:53 EDTQCOMOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
November 13, 2014
08:08 EDTERICEricsson sees reducing costs by SEK 9B with restructuring cost SEK 3B-4B
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08:06 EDTERICEricsson targets growth faster than TAM 3%-5% CAGR over 2013-2017
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November 12, 2014
12:55 EDTQCOMNVIDIA says Samsung files counter-suit, patent infringement claims
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November 11, 2014
10:20 EDTERICHigh option volume stocks
High option volume stocks: RLGY TWC LITB SPM ACRX JWN OCR CALL CST ERIC
November 10, 2014
13:24 EDTERICEricsson to hold capital markets day
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08:22 EDTERICNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:12 EDTERICAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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06:28 EDTQCOMReport: TSMC may buy Qualcomm Taiwan factory, DigiTimes says
TSMC (TSM) is considering an acquisition of Qualcomm's (QCOM) Taiwan factory to expand its packaging and test business, reports DigiTimes. Citing a Chinese-language Economic Daily News report, the Qualcomm factory will be acquired for several billion NT dollars. Reference Link

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